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2024/2025 contribution rates published

If you’re currently paying in, your employer deducts your LGPS pension contributions from your pay before tax. The percentage you pay depends on how much you earn and is set out in the contribution table.

Each April, the table is updated to keep up with the cost of living. The table has now been updated for 2024/25.

From 1 April 2024, your employer will deduct your LGPS pension contributions from your pay according to the updated table. If there’s any changes to your contribution rate, your employer will let you know.

If you have any queries, please contact your employer directly.

If you want an idea of how much you will pay as an LGPS member, you can use the contribution calculator on the national LGPS website.

Paying more

If you want to save more towards your retirement, you can do so by either paying towards an APC (Additional Pension Contribution) or an AVC (Additional Voluntary Contribution). If you’re a taxpayer, you will receive tax relief on all contributions made directly from your salary. Take a look at increasing your pension benefits to find out more.

Paying less

If you’re experiencing financial hardship and thinking of opting out, consider moving to the 50/50 section instead. In the 50/50 section you will pay half the normal contributions in exchange for half the normal pension build up while still receiving important benefits such death in service cover.

Employer contributions

Your employer pays generous contributions to fund the cost of paying your LGPS pension benefits to you. Every three years a review is conducted to make sure your employer is paying enough.

As the LGPS is a defined benefit pension scheme your employer’s contributions are not used to work out your LGPS pension. Your pension is worked out according to your pensionable pay.

Find out more about how your pension builds up.

Find out more about the different types of pension schemes on the MoneyHelper website.